DDA allows flats conversion from leasehold to freehold
In a move to bring in great relief for thousands of owners of Delhi Development Authority (DDA) flats, the properties registered between 2001 and 2011 on general power of attorney (GPA) and agreement to sell (AS) will be entitles for conversion.
Transferring from leasehold to freehold that were registered on GPA and AS from 2001 are no more converted by DDA. In 2011, the supreme court had ordered that registration on GPA as null and void.
Hence, around 60,000 DDA flats in Delhi could not be sold. Even the urban development ministry liberalised the scheme of conversion to freehold for DDA flats.
As per the policy, the flats which are registered with GPA and AS between September 24, 2001 and October 11, 2011 will be entitled to convert from freehold after paying 66-2/3 percent surcharge in addition to conversion charges applicable on the date of application.
The conversation on GPA had stopped in 2001 and the transfer of property on the basis of GPA/AS executed after October 10, 2011 was restricted after a Supreme Court direction in 2011.
Since April 1992 to October 11, 2011, all the flats were allotted on hire and purchase basis, which was allowed to convert only after the payment of 66-2/3 percent surcharge in addition to conversion charges as applicable on the date of application.
Nonetheless, the unregistered GPA and AS holders will be allowed only up to September 24, 2001 subject after the clearance of all the dues, like installments, interest etc. Only then the applicant will have to give registered GPA/AS for conversion.
The new scheme has already come into existence and the brochure will have terms and conditions in a document format, which will be available at the DDA headquarter Vikas Sadan.
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